Quarterly report pursuant to Section 13 or 15(d)

Segment Information

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Segment Information
 3 Months Ended
Sep. 30, 2011
Segment Reporting [Abstract]  
Segment Reporting Disclosure Text Block

Note 11 Segment Information

Prior to the Form 10-Q for the three months ended September 30, 2011, our reportable segments included MPC, NP and MPAL. During the current period, MPC completed a restructuring of its North American assets (See Note 4) resulting in a change to its reportable segments. Segment groupings for the three months ended September 30, 2010 have been reclassified to conform with the current presentation.

The Company has two reportable segments, MPAL and MPNA, as well as a head office which is treated as a cost center. The Company's chief operating decision maker is John Thomas Wilson (President, Chief Executive Officer) who reviews the results of the Australian and North American businesses on a regular basis. Both segments engage in business activities from which each may earn revenues and incur expenses. MPAL and its subsidiaries are considered one segment.

Segment information (in thousands) for the Company's two operating segments is as follows:

                         
      MPAL   MPNA   Corporate Overhead   Inter-segment Elimination   Total  
  Three months ended September 30,                      
                         
  2011                      
  Revenues $ 2,504 $ 1,231 $ - $ - $ 3,735  
  Consolidated Net (loss) income attributable to MPC $ (932) $ 3,868 $ (1,993) $ (3) $ 940  
  Assets (1) $ 44,615 $ 24,429 $ 67,669 $ (69,084) $ 67,629  
                         
                         
  2010                      
  Revenues $ 2,633 $ 1,066 $ - $ - $ 3,699  
  Consolidated Net (loss) income attributable to MPC $ (1,173) $ (91) $ (2,112) $ - $ (3,376)  
  Assets (1) $ 68,088 $ 21,266 $ 82,016 $ (77,223) $ 94,147  

(1)       Goodwill attributable to MPAL was $4,021,000 and $674,000 was attributable to NP at September 30, 2011 and June 30, 2011.